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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -13.6%, a 18.8% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -5.3%). Organon & Co. produced more free cash flow last quarter ($96.0M vs $-13.6M). Over the past eight quarters, Organon & Co.'s revenue compounded faster (-3.6% CAGR vs -12.2%).
Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
ASO vs OGN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $71.6M | $-205.0M |
| Gross Margin | 35.7% | 49.2% |
| Operating Margin | 7.3% | -9.8% |
| Net Margin | 5.2% | -13.6% |
| Revenue YoY | 3.0% | -5.3% |
| Net Profit YoY | 8.8% | -288.1% |
| EPS (diluted) | $1.05 | $-0.78 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.8B | $1.6B |
| Q4 25 | $71.6M | $-205.0M | ||
| Q3 25 | $125.4M | $160.0M | ||
| Q2 25 | $46.1M | $145.0M | ||
| Q1 25 | $133.6M | $87.0M | ||
| Q4 24 | $65.8M | $109.0M | ||
| Q3 24 | $142.6M | $359.0M | ||
| Q2 24 | $76.5M | $195.0M | ||
| Q1 24 | $168.2M | $201.0M |
| Q4 25 | 35.7% | 49.2% | ||
| Q3 25 | 36.0% | 53.5% | ||
| Q2 25 | 34.0% | 54.8% | ||
| Q1 25 | 32.2% | 55.6% | ||
| Q4 24 | 34.0% | 56.3% | ||
| Q3 24 | 36.1% | 58.3% | ||
| Q2 24 | 33.4% | 58.4% | ||
| Q1 24 | 33.3% | 59.0% |
| Q4 25 | 7.3% | -9.8% | ||
| Q3 25 | 10.8% | 15.2% | ||
| Q2 25 | 5.1% | 14.4% | ||
| Q1 25 | 9.2% | 6.7% | ||
| Q4 24 | 6.8% | 8.1% | ||
| Q3 24 | 12.3% | 13.1% | ||
| Q2 24 | 7.5% | 14.6% | ||
| Q1 24 | 11.4% | 14.5% |
| Q4 25 | 5.2% | -13.6% | ||
| Q3 25 | 7.8% | 10.0% | ||
| Q2 25 | 3.4% | 9.1% | ||
| Q1 25 | 8.0% | 5.8% | ||
| Q4 24 | 4.9% | 6.8% | ||
| Q3 24 | 9.2% | 22.7% | ||
| Q2 24 | 5.6% | 12.1% | ||
| Q1 24 | 9.4% | 12.4% |
| Q4 25 | $1.05 | $-0.78 | ||
| Q3 25 | $1.85 | $0.61 | ||
| Q2 25 | $0.68 | $0.56 | ||
| Q1 25 | $1.85 | $0.33 | ||
| Q4 24 | $0.92 | $0.42 | ||
| Q3 24 | $1.95 | $1.38 | ||
| Q2 24 | $1.01 | $0.75 | ||
| Q1 24 | $2.19 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $289.5M | $574.0M |
| Total DebtLower is stronger | — | $8.6B |
| Stockholders' EquityBook value | $2.1B | $752.0M |
| Total Assets | $5.4B | $12.9B |
| Debt / EquityLower = less leverage | — | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $574.0M | ||
| Q3 25 | $300.9M | $672.0M | ||
| Q2 25 | $285.1M | $599.0M | ||
| Q1 25 | $288.9M | $547.0M | ||
| Q4 24 | $296.0M | $675.0M | ||
| Q3 24 | $324.6M | $763.0M | ||
| Q2 24 | $378.1M | $704.0M | ||
| Q1 24 | $347.9M | $575.0M |
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $2.1B | $752.0M | ||
| Q3 25 | $2.1B | $906.0M | ||
| Q2 25 | $1.9B | $733.0M | ||
| Q1 25 | $2.0B | $542.0M | ||
| Q4 24 | $2.0B | $472.0M | ||
| Q3 24 | $2.0B | $493.0M | ||
| Q2 24 | $1.9B | $144.0M | ||
| Q1 24 | $2.0B | $48.0M |
| Q4 25 | $5.4B | $12.9B | ||
| Q3 25 | $5.3B | $13.6B | ||
| Q2 25 | $5.2B | $13.5B | ||
| Q1 25 | $4.9B | $13.2B | ||
| Q4 24 | $5.1B | $13.1B | ||
| Q3 24 | $4.9B | $12.8B | ||
| Q2 24 | $4.9B | $12.2B | ||
| Q1 24 | $4.7B | $11.9B |
| Q4 25 | — | 11.49× | ||
| Q3 25 | — | 9.74× | ||
| Q2 25 | — | 12.14× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | 18.81× | ||
| Q3 24 | — | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $49.0M | $141.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $96.0M |
| FCF MarginFCF / Revenue | -1.0% | 6.4% |
| Capex IntensityCapex / Revenue | 4.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $141.0M | ||
| Q3 25 | $78.6M | $264.0M | ||
| Q2 25 | $157.5M | $220.0M | ||
| Q1 25 | $140.2M | $75.0M | ||
| Q4 24 | $96.9M | $390.0M | ||
| Q3 24 | $91.3M | $141.0M | ||
| Q2 24 | $199.7M | $332.0M | ||
| Q1 24 | $234.7M | $76.0M |
| Q4 25 | $-13.6M | $96.0M | ||
| Q3 25 | $21.8M | $218.0M | ||
| Q2 25 | $106.6M | $181.0M | ||
| Q1 25 | $76.4M | $43.0M | ||
| Q4 24 | $34.4M | $335.0M | ||
| Q3 24 | $50.1M | $99.0M | ||
| Q2 24 | $167.4M | $300.0M | ||
| Q1 24 | $178.9M | $30.0M |
| Q4 25 | -1.0% | 6.4% | ||
| Q3 25 | 1.4% | 13.6% | ||
| Q2 25 | 7.9% | 11.4% | ||
| Q1 25 | 4.6% | 2.8% | ||
| Q4 24 | 2.6% | 21.0% | ||
| Q3 24 | 3.2% | 6.3% | ||
| Q2 24 | 12.3% | 18.7% | ||
| Q1 24 | 10.0% | 1.8% |
| Q4 25 | 4.5% | 3.0% | ||
| Q3 25 | 3.5% | 2.9% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | 3.8% | 2.1% | ||
| Q4 24 | 4.6% | 3.5% | ||
| Q3 24 | 2.7% | 2.7% | ||
| Q2 24 | 2.4% | 2.0% | ||
| Q1 24 | 3.1% | 2.8% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 1.65× | ||
| Q2 25 | 3.42× | 1.52× | ||
| Q1 25 | 1.05× | 0.86× | ||
| Q4 24 | 1.47× | 3.58× | ||
| Q3 24 | 0.64× | 0.39× | ||
| Q2 24 | 2.61× | 1.70× | ||
| Q1 24 | 1.40× | 0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
OGN
Segment breakdown not available.
